Reliable Nepal Life Insurance to Hold AGM on December 29 to Approve 12% Cash Dividend

Reliable Nepal Life Insurance Company Limited (RNLI) has announced the convening of its Annual General Meeting (AGM) to approve the dividend declared from the profit of the last fiscal year. The company has scheduled its 9th AGM for Tuesday, December 29, at Alice Reception, Gairidhara, Kathmandu, starting at 11:00 AM. The meeting will endorse a proposal to distribute a 12 percent cash dividend based on the company’s paid-up capital. In addition, the AGM will approve the appointment of directors, appoint an auditor, and pass other related resolutions. For the purpose of the AGM and dividend distribution, the company will close its books on December 21. Accordingly, shareholders who maintain their shareholding through trading on NEPSE up to December 20 will be eligible to attend the AGM and receive the proposed dividend.